BANK INTEREST RATE HIKES: IMPACTS ON MORTGAGES AND SAVINGS

Bank Interest Rate Hikes: Impacts on Mortgages and Savings

Rising lender interest rates are a significant factor affecting both mortgages and savings accounts. When interest rates increase, the cost of borrowing money climbs, making it more expensive for homebuyers to secure financing. This can result in higher monthly payments and potentially reduce affordability for prospective homeowners. On the other h

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